Posted on 09/09/2021 10:28:00 AM PDT by yesthatjallen
Price gains are shooting higher across many advanced economies as consumer demand, shortages and other pandemic-related factors combine to fuel a burst of inflation.
The spike has become a source of annoyance among consumers and worry among policymakers who are concerned that rapid price gains might last. It is one of the main factors central bankers are looking at as they decide when — and how quickly — to return monetary policy to normal.
Most policymakers believe that today’s rapid inflation will fade. That expectation may be reinforced by the fact that many economies are experiencing a price pop in tandem, even though they used vastly different policies to cushion the blow of pandemic lockdowns.
The shared inflation experience underscores that mismatches between what consumers want to buy and what companies are able to deliver are helping to drive the price increases. While those may be amplified by worldwide stimulus spending, they are not the simple result of nation-specific policy choices — and they should eventually work themselves out.
“There is a lot of stimulus in the system, and it is pushing up demand and that’s driving higher inflation,” said Kristin Forbes, a Massachusetts Institute of Technology economist and former external member of the Bank of England’s Monetary Policy Committee.
“Some of these big global moves do tend to pass through and prove temporary,” Ms. Forbes said. “The big question is: How long will these supply chain pressures last?”
SNIP
(Excerpt) Read more at nytimes.com ...
Freedom is slavery.
Oh cool! Everyone knows inflation is always good news! It’s great for the consumers. And you know, rape and robbery are also good. You learn so many lessons and all.
Only the NYT could come up with a B.S. headline like that
Oh brother, another one of those “You’ll own nothing, and pay more for it. And that’s a good thing!” articles.
It sHOwS thE VacCinEs aRe WorKIng…
Soon President Retard will be looking to others for solutions to the inflation he caused. Same as everything else the idiot has done.
as things go to sh*t under Biden, you can always count on the New York Times to tell us why sh*t is good for us.
Will my paycheck increase in a commensurate fashion?
Not only is it obvious the jaded wench doesn't understand her subject matter, but she can't get through a sentence without contradicting herself.
Nearly *everything happening to the economy now is a result of (bad) "policy choices," from lockdowns crushing production to massive spending diluting the currency etc.
***Price gains are shooting higher across many advanced economies as consumer demand, shortages and other pandemic-related factors combine to fuel a burst of inflation.***
No mention of the FED ‘printing’ trillions of dollars?
Why? Because a Dem is president? The media would be calling inflation a horrible thing with a Rep in the White House.
“Most policymakers believe that today’s rapid inflation will fade”
If they do, they are fools.
NYT Headline, next week: “Why You’re Going to be Broke, and Why That’s a Good Thing”
The media is a joke. A bunch of spineless sycophants.
I think this ^ is the more accurate prediction ;)
“Will my paycheck increase in a commensurate fashion?”
Can a newlywed couple with entry level jobs and only a high school education still buy a new car and a single family home, like they could in the 70s?
“Some of these big global moves do tend to pass through and prove temporary,” Ms. Forbes said. “The big question is: How long will these supply chain pressures last?”
Worked with business that were headed to bankruptcy. They operated on cashflow rather than money. As long as bank or machinery dealer would provide credit everything was golden.
Then one day the bank called...........................and said no more credit.
Funny they think that policymakers think or believe anything. They are confidence artists at best and they mainly hope things will work and if not they hope they can explain their way out.
“Yes, ten bucks a gallon for gasoline is actually good for you and the environment too.” Why is my leg wet?
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